摘要：According to the disciplining hypothesis, globalization restrains governments by inducing
increased budgetary pressure. As a consequence, governments shift their expenditures in
favour of transfers and subsidies and away from capital expenditures. This expenditure shift is
potentially enhanced by citizens’ preferences to be compensated for the risks of globalization
(“compensation hypothesis”). Employing two different datasets and various measures of
globalization, we analyze whether globalization has indeed influenced the composition of
government expenditures. For a sample of 108 countries, we examine the development of four
broad expenditure categories for the period 1970-2001: capital expenditures; expenditures for
goods and services; interest payments; and subsidies and other current transfers. A second
dataset provides a much more detailed classification: public expenditures, expenditures for
defence, order, economic environment, housing, health, recreation, education, and social
expenditures. However, this second data set is only available since 1990 – and only for the
OECD countries. Our results show that globalization did not influence the composition of
government expenditures.
关键词：globalization, economic policy, government expenditure composition, tax
competition
